RACE ECO CHAIN LIMITED (RACE) financials

RACE ECO CHAIN LIMITED (RACE) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1999, Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers. Company also manufactures recycled products[1]

Market Cap: ₹189Cr.
Current Price: ₹110
Stock P/E: 67.7
ROE: 3.27%
ROCE: 8.01%
Book Value: ₹40.1
Dividend Yield: 0.00%
52W High / Low: ₹235/84.1

In Jun 2026, RACE ECO CHAIN LIMITED (RACE) reported sales ₹93.18 Cr and net profit ₹0.61 Cr.

Annual TTM: sales ₹376 Cr, net profit ₹3 Cr.

Shareholding: Promoters 44.79% (Sep 2026), FIIs 0.01% (Sep 2026), DIIs 0.00% (Sep 2026), Public 55.19% (Sep 2026), No. of Shareholders 7,077% (Sep 2026).

RACE quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	106.29	128.74	139.10	98.81	96.11	78.65	108.25	93.18
Expenses	104.44	126.34	136.41	96.84	93.59	76.35	105.18	90.90
Operating Profit	1.85	2.40	2.69	1.97	2.52	2.30	3.07	2.28
OPM %	1.74%	1.86%	1.93%	1.99%	2.62%	2.92%	2.84%	2.45%
Other Income	0.10	0.34	0.53	0.43	0.55	0.63	0.81	1.04
Interest	1.00	0.73	1.48	1.55	1.87	1.92	2.26	2.11
Depreciation	0.17	0.17	0.18	0.16	0.30	0.34	0.30	0.43
Profit before tax	0.78	1.84	1.56	0.69	0.90	0.67	1.32	0.78
Tax %	5.13%	25.00%	18.59%	85.51%	-28.89%	65.67%	37.88%	21.79%
Net Profit	0.74	1.38	1.27	0.10	1.15	0.23	0.81	0.61
EPS in Rs	0.43	0.80	0.74	0.06	0.67	0.13	0.47	0.35
Raw PDF	—	—	—	—	—	—	—	—

RACE profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	16	59	157	269	338	460	382	376
Expenses	16	59	157	267	333	452	372	366
Operating Profit	-0	0	0	2	6	8	10	10
OPM %	-2.3%	0.2%	0.1%	0.8%	1.6%	1.8%	2.6%	2.7%
Other Income	1	2	2	1	1	1	2	3
Interest	1	1	0	1	3	4	8	8
Depreciation	0	0	0	0	1	1	1	1
Profit before tax	0	1	1	2	3	5	4	4
Tax %	-100%	32%	14%	27%	42%	21%	36%	—
Net Profit	0	1	1	1	2	4	2	3
EPS in Rs	0.02	0.61	0.56	0.79	0.96	2.18	1.33	1.62
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

RACE balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	16	16	16	16	17	17
Reserves	1	1	2	3	4	6	54	52
Borrowings	7	7	7	5	16	37	59	82
Other Liabilities	11	3	7	9	13	14	25	21
Total Liabilities	35	27	32	34	49	73	155	173
Fixed Assets	2	2	1	3	3	3	3	6
CWIP	0	0	0	0	0	0	0	0
Investments	4	6	0	0	0	5	21	22
Other Assets	29	20	31	31	46	65	131	145
Total Assets	35	27	32	34	49	73	155	173

RACE cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	7	-4	-5	5	-15	-10	-28	14
Cash from Investing Activity	-8	5	10	-6	7	-11	-32	-26
Cash from Financing Activity	2	-1	-1	-2	10	19	64	16
Net Cash Flow	0	-0	4	-3	2	-3	4	4
Free Cash Flow	6	0	-5	4	-15	-11	-29	9
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	-5,108%	1,108%	-5,100%	2,868%	-698%	-181%	-326%	154%

RACE shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%	44.79%
FIIs	0.00%	0.01%	0.00%	0.72%	0.71%	0.71%	0.01%	0.01%
DIIs	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%	0.58%	0.00%
Public	54.63%	54.61%	54.63%	53.89%	53.92%	53.93%	54.62%	55.19%
No. of Shareholders	6,651	6,842	7,026	7,035	6,963	6,796	6,783	7,077

RACE key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	72	146	91	40	50	57	75	74
Inventory Days	63	—	—	1	1	1	1	0
Days Payable	88	—	—	18	16	14	19	—
Cash Conversion Cycle	47	146	91	22	34	44	57	74
Working Capital Days	6	30	81	35	20	15	23	15
ROCE %	3%	2%	10%	4%	8%	12%	9%	8%

RACEUpdated 22 Oct 2026, 13:04

Race Eco Chain Limited

RACEUpdated 22 Oct 2026, 13:04

Market Cap

₹189Cr.

Current Price

₹110

High / Low

₹235/84.1

Stock P/E

67.7

Book Value₹40.1

Dividend Yield0.00%

ROCE8.01%

ROE3.27%

Face Value₹10.0

About

Incorporated in 1999, Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers. Company also manufactures recycled products[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	110.74	0.55	108.81	0.03	0.12	1.29	29.46	0.91	0.55
Sep 2023	78.88	0.77	77.61	0.06	0.13	0.43	32.56	0.3	0.18
Dec 2023	69.4	0.77	68.1	0.14	0.14	0.53	13.21	0.45	0.27
Mar 2024	79.47	0.75	78.44	0.44	0.27	0.45	46.67	0.24	0.15
Jun 2024	86.17	0.83	84.75	0.15	0.16	0.58	37.93	0.36	0.22
Sep 2024	106.29	1	104.44	0.1	0.17	0.78	5.13	0.74	0.43
Dec 2024	128.74	0.73	126.34	0.34	0.17	1.84	25	1.38	0.8
Mar 2025	139.1	1.48	136.41	0.53	0.18	1.56	18.59	1.27	0.74
Jun 2025	98.81	1.55	96.84	0.43	0.16	0.69	85.51	0.1	0.06
Sep 2025	96.11	1.87	93.59	0.55	0.3	0.9	-28.89	1.15	0.67
Dec 2025	78.65	1.92	76.35	0.63	0.34	0.67	65.67	0.23	0.13
Mar 2026	108.25	2.26	105.18	0.81	0.3	1.32	37.88	0.81	0.47
Jun 2026	93.18	2.11	90.9	1.04	0.43	0.78	21.79	0.61	0.35

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	42	1	42	1	0	0	29	0	0.05
Mar 2016	42	1	41	0	0	0	31	0	0.05
Mar 2017	35	1	34	0	0	0	29	0	0.07
Mar 2018	55	1	54	0	0	0	-75	0	0.05
Mar 2019	50	1	50	1	0	0	29	0	0.03
Mar 2020	16	1	16	1	0	0	-100	0	0.02
Mar 2021	59	1	59	2	0	1	32	1	0.61
Mar 2022	157	0	157	2	0	1	14	1	0.56
Mar 2023	269	1	267	1	0	2	27	1	0.79
Mar 2024	338	3	333	1	1	3	42	2	0.96
Mar 2025	460	4	452	1	1	5	21	4	2.18
Mar 2026	382	8	372	2	1	4	36	2	1.33
TTM	376	8	366	3	1	4	—	3	1.62

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	44.79%
FIIs	0.01%
Public	55.19%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	44.79%	0%	0%	55.2%
Mar 2024	44.79%	0.03%	0%	55.18%
Jun 2024	44.79%	0.17%	0%	55.04%
Sep 2024	44.79%	0.1%	0.58%	54.51%
Dec 2024	44.79%	0%	0.58%	54.63%
Mar 2025	44.79%	0.01%	0.58%	54.61%
Jun 2025	44.79%	0%	0.58%	54.63%
Sep 2025	44.79%	0.72%	0.58%	53.89%
Dec 2025	44.79%	0.71%	0.58%	53.92%
Mar 2026	44.79%	0.71%	0.58%	53.93%
Jun 2026	44.79%	0.01%	0.58%	54.62%
Sep 2026	44.79%	0.01%	0%	55.19%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	Investments	Other Assets	Total Assets
Mar 2015	16	0	6	2	24	3	0	22	24
Mar 2016	16	0	4	10	31	2	0	29	31
Mar 2017	16	1	6	2	24	2	0	21	24
Mar 2018	16	1	5	17	39	2	0	36	39
Mar 2019	16	1	7	11	35	2	4	29	35
Mar 2020	16	1	7	3	27	2	6	20	27
Mar 2021	16	2	7	7	32	1	0	31	32
Mar 2022	16	3	5	9	34	3	0	31	34
Mar 2023	16	4	16	13	49	3	0	46	49
Mar 2024	16	6	37	14	73	3	5	65	73
Mar 2025	17	54	59	25	155	3	21	131	155
Mar 2026	17	52	82	21	173	6	22	145	173

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	-8	7	1	0
Mar 2016	2	0	-2	0
Mar 2017	0	-1	1	0
Mar 2018	8	-6	-2	0
Mar 2019	7	-8	2	0
Mar 2020	-4	5	-1	0
Mar 2021	-5	10	-1	4
Mar 2022	5	-6	-2	-3
Mar 2023	-15	7	10	2
Mar 2024	-10	-11	19	-3
Mar 2025	-28	-32	64	4
Mar 2026	14	-26	16	4

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	81	139	192	102	72	146	91	40	50	57	75	74
Inventory Days	32	100	6	86	63	—	—	1	1	1	1	0
Days Payable	14	88	4	109	88	—	—	18	16	14	19	—
Cash Conversion Cycle	99	151	194	79	47	146	91	22	34	44	57	74
Working Capital Days	121	127	149	59	6	30	81	35	20	15	23	15
ROCE %	4%	4%	3%	3%	3%	2%	10%	4%	8%	12%	9%	8%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of RACE ECO CHAIN LIMITED (RACE)?

The reported market capitalisation for RACE ECO CHAIN LIMITED (RACE) is ₹189Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of RACE?

The current price shown for RACE ECO CHAIN LIMITED (RACE) on Fincrux is ₹110 with a 52-week high/low of ₹235/84.1.

What is the P/E ratio of RACE ECO CHAIN LIMITED (RACE)?

The stock P/E for RACE ECO CHAIN LIMITED (RACE) is 67.7 on Fincrux, with ROE at 3.27% and ROCE at 8.01%.

What were RACE latest quarterly results?

For Jun 2026, RACE ECO CHAIN LIMITED (RACE) reported sales ₹93.18 Cr and net profit ₹0.61 Cr (figures in ₹ crore unless noted).

What are RACE annual sales and net profit?

For TTM, RACE ECO CHAIN LIMITED (RACE) shows sales of ₹376 Cr and net profit of ₹3 Cr on the Fincrux profit & loss statement.

Who owns RACE ECO CHAIN LIMITED (RACE)?

Latest shareholding for RACE ECO CHAIN LIMITED (RACE) on Fincrux: Promoters 44.79% (Sep 2026), FIIs 0.01% (Sep 2026), DIIs 0.00% (Sep 2026), Public 55.19% (Sep 2026), No. of Shareholders 7,077% (Sep 2026).

Where can I find RACE ECO CHAIN LIMITED (RACE) financials?

RACE ECO CHAIN LIMITED (RACE) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show RACE balance sheet and cash flow?

Yes. The RACE ECO CHAIN LIMITED (RACE) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 13:04